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NetApp NTAP Net Income

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Other financials

Income statement

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Revenue$1.9B+12.5%
Gross profit$1.4B+14.4%
Operating income$532.0M+52.9%
EPS (diluted)$2.03+23.8%

Balance sheet

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Cash & equivalents$2.1B-24.5%
Total debt$2.7B-21.7%
Total equity$1.4B+29.9%
Total assets$10.7B-0.7%

Cash flow

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Operating cash flow$950.0M+40.7%
CapEx$50.0M+42.9%
Free cash flow$900.0M+40.6%

Valuation

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Market cap$38.04B+69.5%
Enterprise value$38.7B+67.6%
P/E29.8×+10.7×
P/S5.5×+2.1×

Profitability

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Gross margin70.7%+0.6pp
Operating margin24.2%+3.8pp
Net margin18.4%+0.4pp
FCF margin27%+6.6pp

Returns & leverage

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Return on equity106.7%-1.8pp
Debt / equity-1.3×
Current ratio1.4×+0.2×

Where this comes from

Reported directly by NetApp in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: NetApp’s 10-K, filed June 5, 2026. Open the filing →

Filed
Jun 5, 2026, 4:30 PM EDT
Fiscal year
FY2026
Accession
0001193125-26-259683

FAQ

What is NetApp's net income?
NetApp (NTAP) reported net income of $404M in Q1 2026.
How has NetApp's net income changed year-over-year?
NetApp's net income increased by 18.8% year-over-year, from $340M to $404M.
What is the long-term trend for NetApp's net income?
Over 4 years (2022 to 2026), NetApp's net income has grown at a 8.0% compound annual growth rate (CAGR), from $937M to $1.28B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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